Gaming Standards Association

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

Mark Pace

Phone

5104924050

Tax Period

2024-01-01 to 2024-12-31

Gaming Standards Association, founded in 1998, is a small nonprofit that reported $754K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

To facilitate the implementation of solutions that empower suppliers, operators and regulators with the highest level of excellence, performance and innovation through collaboration and education.

Program Service Accomplishments

Program 1

Education Program:a. Held a technical summit in Arizona (75 people attended)b. Attended and had educational booths at the ICE Trade Show in Las Vegas.c. Held a in person Annual Meeting free to the...

Education Program:a. Held a technical summit in Arizona (75 people attended)b. Attended and had educational booths at the ICE Trade Show in Las Vegas.c. Held a in person Annual Meeting free to the public and members (75 people attended)

Program 2

Partnership Program:a. Established new alliances with regulatory partners: IAGR, NAGRAb. Visited numerous Tribal Gaming Entities to develop relationships.

Program 3

IGSA Committee Meetings: The 4 new best practices/standards committees for Responsible Gaming, Ethical Artificial Intelligence, Payments and Cyber Resilience met generally monthly, with an average of...

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $754,030

Investment Income $0

Other Revenue $0

TOTAL REVENUE $754,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $772,585

TOTAL EXPENSES $772,585

Year-over-Year Comparison

	2024	2023	Change
Revenue	$754,030	$814,175	-0.1%
Expenses	$772,585	$1,173,846	-0.3%
Net Income	$-18,555	$-359,671	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Burns	Treasurer	0.50	Officer Director	$0	$0	$0
Nimish Purohit	Chair	0.50	Officer Director	$0	$0	$0
Syed Hussain	Director	0.50	Director	$0	$0	$0
Keshav Pitani	Director	0.50	Director	$0	$0	$0
Martin Pedak	Vice Chair	0.50	Officer Director	$0	$0	$0
Marco Pace	President	40.00	Officer	$0	$0	$0
Michelle Olesiejuk	Executive Dir.	40.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$754,030	$772,585	$484,890	$-18,555
2023	$814,175	$1,173,846	$766,893	$-359,671
2022	$857,488	$748,390	$859,272	$109,098
2021	$1,075,540	$703,277	$488,138	$372,263
2020	$971,605	$1,012,860	$300,703	$-41,255
2019	$1,274,919	$1,375,352	$510,228	$-100,433
2018	$1,347,334	$1,410,376	$590,114	$-63,042